14 hours ago
Shipping company ONE hedges against China risks with home-built vessels
ONE Singapore, the company's newest ship, can run on both heavy fuel oil and low-emission fuels like methanol and ammonia. (Photo by Tomonori Washida)
TOMONORI WASHIDA
TOKYO -- Container shipping company Ocean Network Express (ONE) unveiled a Japan-built ship on Tuesday, one of 15 vessels it plans to launch in the next two years as it looks to mitigate risks from ongoing U.S.-China tensions.
"We like to think we are an international company, truly a global international company," said CEO Jeremy Nixon at the christening of a ship at an Imabari Shipbuilding plant in Mihara, Hiroshima prefecture, on Tuesday. "I'm very pleased to say that this was the first set of ships that we built, which are owned by ONE."
